so, the only way for growth in such an environment is larger and larger amounts of credit, likely a bubble. ofc that is not likely to happen since capitalists don’t take risks like that, so you just have stagnant economy

Again I don’t think any of these people know how capitalism “works” outside of “use to funnel money to self.” It’s good at indulging that impulse - it rewards it. But it undermines itself by doing that. The eternal glimmer of a short term profit undermines any long term plan. Austerity is their version of a long term plan. Or whatever. I don’t know what the fuck they’re doing except bald-faced wealth transfer. It’s so transparent I don’t know how they spin it as anything else. It’s like the horse and sparrow analogy except without the analogy so they just tell you to sift nutrients from their waste and deal with the smell of shit like a good citizen.

Edit: like @MolotovHalfEmpty@hexbear.net said in this thread they call it “austerity” like that’s the plan or how they sell it to the public but it’s actually a deeper wealth(and power) reshuffling